Lots of fresh capital entered the crypto space this week, up 36% from last week’s $1.34 billion
The proposal would reduce the token allocation of a JUNO whale, alleged to have exploited a loophole, by over 98%
The Ethereum layer-2 developer is raising at least $100 million, Israeli newspaper Calcalist reported
Some crypto mining companies are turning to overlooked, smaller cities and towns to revitalize abandoned real estate and create high-paying jobs
Cake DeFi Ventures will focus its investments across Web3, the metaverse, the NFT space, gaming, esports and fintech spaces that will benefit its core business
The team will deploy the capital across 30 new companies or protocols, the firm’s managing partner told Blockworks
The program will focus on supporting blockchain-enabled gaming, DeFi, NFTs and institutional use cases
The stablecoin payment infrastructure provider’s seed round will go toward onboarding new users to Terra’s UST stablecoin and expanding cross-chain
The investment was led by Greylock Partners and Electric Capital with participation from Sequoia Capital, Blockchain Capital and Slow Ventures
The largest buzz came from Electric Capital with its $1 billion raise for two new funds focused on crypto ventures and tokens
The country initially announced an airdrop was “confirmed” for donors but canceled the plan 29 hours later
The novel crowdfunding and airdrop underscore potential for traditional organizations to bootstrap mainstream crypto adoption
Of those women, 60% said they plan on buying crypto within the next few months
The Series B round, led by Pantera Capital, raises the company’s valuation to $240 million
The capital raise brings the firm into a bigger playing field alongside major crypto funds such as Andreessen Horowitz, Paradigm and10T Holdings
Total value locked in DeFi protocols has risen 237% from $55.36 billion to $186.55 billion year-over-year, a trend Aligned expects to continue
The company plans to triple its headcount in the next year and double its supported protocols
The platform can be used to send and receive money for investments, payments and subscriptions
The firm’s past CFO Yaron Shalem was suspended from Celsius in November 2021, after he was arrested in Israel on allegations of money laundering, Blockworks reported
The funds will be used to establish a bitcoin reserve for Terra’s UST stablecoin
The crypto platform was founded in 2017 and works with over 1,000 clients in institutional and consumer markets.